Five9, Inc. (NASDAQ: FIVN – Ratings ) was the target of some unusual options trading on Tuesday. Stock traders bought 8,504 call options on the company. This represents an increase of approximately 2,115% compared to the average volume of 384 call options.
A Wall Street analyst weighs in.
→ Money holders still do not take steps to prepare. (From Investor Place Media)
A number of brokerages have commented on FIVN. Robert W. Baird reduced their price objective on Five9 from $130.00 to $60.00 in a research note on Tuesday, November 8th. Barclays reduced their price objective on Five9 from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 8th. Morgan Stanley boosted their price objective on Five9 from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 14th. Credit Suisse Group decreased their price objective on Five9 to $70.00 in a research note on Thursday, October 13th. Finally, MKM Partners decreased their price objective on Five9 from $110.00 to $70.00 in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Neutral Buy” and a target price of $92.27, according to data from MarketBeat.
Five9 stock performance
Shares of Five Nine opened at $78.78 on Wednesday. The company has a debt-to-equity ratio of 2.74, a current ratio of 4.90, and a quick ratio of 4.90. The company has a market cap of $5.55 billion, a P/E ratio of -65.11 and a beta of 0.61. The firm has a 50-day simple moving average of $69.00 and a 200-day simple moving average of $77.71. Five9 has a fifty-two week low of $46.61 and a fifty-two week high of $138.34.
Five9 (NASDAQ:FIVN – Ratings ) last released its earnings results on Monday, November 7th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). Five9 had a negative return on equity of 28.27% and a negative net margin of 11.37%. The business had revenue of $198.34 million for the quarter, compared to analysts’ estimates of $196.50 million. sell-side analysts forecast that Five9 will post -1.09 earnings per share for the current fiscal year.
Internal movement
In other FiveNine news, EVP Panos Kozanian sold 2,875 shares of Five9 stock in a transaction that occurred on Monday, December 5th. The stock traded at an average price of $65.72, for a total value of $188,945.00. Following the transaction, the executive vice president now directly owns 80,768 shares in the company, valued at approximately $5,308,072.96. The sale was disclosed in a filing with the Securities and Exchange Commission on the SEC’s website. In other Five Nine news, CRO Daniel P. Burkland sold 28,623 shares of the company’s stock in a transaction dated Tuesday, January 24th. The stock traded at an average price of $75.09, for a total transaction of $2,149,301.07. Following the completion of the transaction, the executive now owns 116,616 shares of the company’s stock, valued at $8,756,695.44. The transaction was disclosed in a filing with the Securities and Exchange Commission available through this link. Also, EVP Panos Kozanian sold 2,875 shares of Five9 stock in a transaction dated Monday, December 5th. The shares were traded at an average price of $65.72, for a total value of $188,945.00. Following the completion of the sale, the executive vice president now directly owns 80,768 shares of the company’s stock, valued at $5,308,072.96. A description of this sale can be found here. Over the last 90 days, insiders have sold 106,693 shares of company stock worth $7,528,915. 2.40% of the stock is currently owned by insiders.
Institutional investors rate it 9 out of five.
A number of institutional investors recently trimmed or reduced their stakes in FIVN. MetLife Investment Management LLC purchased a new stake in Five9 in the 1st quarter valued at $482,000. Raymond James Trust NA acquired a new position in shares of Five9 during the 1st quarter worth $212,000. Cetera Investment Advisors boosted its holdings in Five9 by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 3,223 shares of the software maker’s stock valued at $356,000 after buying an additional 430 shares during the period. Zion Bancorp NA bought a new stake in Five9 in the 1st quarter worth $613,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Five9 by 10.7% during the 1st quarter. Prudential Financial Inc. The now owns 2,806 shares of the software maker’s stock worth $310,000 after acquiring an additional 272 shares during the period.
Five9 company profile
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Five9, Inc. is involved in the provision of cloud software for contact centers. He specializes in omnichannel routing, analytics, human resources organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, California.
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